Application to Stay Recovery of Interest Dismissed for Non-Deposit Before Appeal Hearing

The Appellate Tribunal CEGAT, New Delhi dismissed M/s. Shree Cement Ltd.'s application to stay the recovery of interest under Section 35F of the Central Excise Act, citing that the application is not maintainable without depositing the duty or penalty before the appeal hearing scheduled for 11-7-2003.

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The Appellate Tribunal CEGAT, New Delhi dismissed an application by M/s. Shree Cement Ltd. for staying the recovery of interest under Section 35F of the Central Excise Act, stating that such application is not maintainable as the requirement is to deposit the duty or penalty before the appeal is heard. The appeal was scheduled for regular hearing on 11-7-2003.

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